Wednesday, September 2, 2009

Market Report for 2nd September 2009

US markets tumble; Tata Comm sheds 4% The Asian markets have opened on a negative note barring the Shanghai Composite and the Taiwan Weighted Index.
The Hang Seng has shed 308 points (1.5%) to 19,553.
The Nikkei has plunged 268 points (2.5%) to 10,262.
The Straits Times has declined 23 points (1%) to 2,527 and the Seoul Composite is marginally down at 1,613.
The Shanghai Composite on the other hand has advanced 27 points (1%) to 2,711 and the Taiwan Weighted Index is flat at 7,031.
Sensex slips in second-half; auto stocks buck trend
Union Bank cuts foreign currency deposit rates
Sebi bars Austral Coke from raising fund
Ranbaxy receives govt order for Tamiflu
Berger Intl to sell entire stake in China unit
Govt to end oil licensing round system by 2011
Tata Tele takes bill off pulse, to charge per call
South Africa govt support makes MTN-Bharti deal likelier
Tata Motors Aug sales up 14% at 49,810 units.

Singapore Nifty is trading at 4,593.0 down by 22.5 points at 9 AM IST.